The demand for convenient payment solutions is rising day by day, businesses are introducing new ways to accept and process payments to stay competitive. Companies look for technology solutions that can provide you the answers to their business needs. Payment terminal serves as an alternative to traditional hardware terminals. The ability to accept and process payments on a computer is a solution developed to address companies’ offsite payment processing needs.
With virtual terminal credit cards you can:
• Take payments over the phone.
• Easily control your customers’ credit card numbers
• Continue using your physical terminal as before.
• Have an integrated gateway by processing transactions inside an online portal.
• Easily manage payments with automatic invoicing.
• You can work from anywhere you can access the internet.
• You can offer options like international currency acceptance and recurring billing.
• Bring more visibility into each transaction by real time reporting.
• Increase safety of your transactions
• Virtual terminals can print or email receipts and generate reports, so you can track trends over time.
Many business are offering services on subscription model, thus it becomes invaluable for them to automatically charge customers’ credit card data on a predetermined basis. Virtual payment gateways can also be used for recurring payments. As the customer's information will be saved and can be easily accessed from data storage to process a transaction. This will help in safer transaction and also eliminate data entry and human errors.
Apart from the above advantages, transaction history and email invoicing features are the other advantages of advanced virtual terminals. These features can greatly benefit businesses by providing them more easy going process and eliminating paperwork. PCI compliance is also required for all businesses that accept credit or debit card payments.
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